RBI cuts repo rate: SBI Chairman reveals when banks may reduce deposit rates
SBI Chairman CS Setty confirmed lending rate revision after RBI’s 25 bps repo rate cut. However, deposit rates may not decrease immediately as banks assess credit demand. Know more on how RBI’s monetary policy impacts deposit and lending rates.
What Is Repo Rate And How Does It Impact? RBI Cuts Interest Rates, Repo Rate Reduced By 25 bps To 6.25%
In addition to the repo rate cut, the Standing Deposit Facility (SDF) and Marginal Standing Facility (MSF) rates have also been reduced by 25 bps to 6% and 6.5%, respectively. The bank rate has also been adjusted to 6.5%.
With the recent 25 bps reduction in the repo rate, banks are expected to lower home loan rates for both new and existing ...
The RBI cut the repo rate by 25 basis points to 6.25%, marking its first reduction in five years. The monetary stance remains ...
EMIs on home and vehicle loans will come down, making it easier for individuals to repay their debts. A lower repo rate makes ...
The repo rate, set by the RBI, influences borrowing costs for banks. A higher repo rate raises FD interest rates, attracting ...
The rate cut could be the beginning of a low-interest cycle and is expected to ease the burden on loan borrowers, as banks ...
Why the RBI’s Monetary Policy Committee (MPC) decision to reduce the Repo rate is relevant to the UPSC exam? What is the ...
The decision by RBI on Friday to reduce its key rate for the first time in five years comes less than a week after the ...
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